CAISO Analyst

City of Tacoma - Tacoma, WA3.8

Full-time$98,000 - $140,000 a year
EducationSkills
Tacoma Power's Resource Operations and Trading group manages the operation and optimization of Tacoma Power's resource portfolio. The core focus is to maximize wholesale revenue while minimizing price and volumetric risk. These activities are vital to maintaining low and stable rates for our customers.

The CAISO Analyst position will focus on optimizing and tracking transactions with the California ISO (CAISO) in the Day-Ahead and Hourly markets as well as with any future implementation of the Western EIM.

The ideal candidate will draw on their CAISO/EIM technical expertise to help lead the team with analysis, marketing, development, enhancement and implementation of effective bidding strategies to maximize wholesale revenue within organized markets.

Responsibilities include:
Function as the subject matter expert and strategic lead for market opportunities within the CAISO and EIM.
Analyze trading strategies, evaluate their effectiveness, identify opportunities to increase value and communicate these strategies with the trading team (Day-Ahead and Real-Time Energy Traders).
Participate in technical workshops and forums. Communicate technical and market intelligence information to the Resource Operations and Trading team, senior management and other groups within Tacoma Power.
Enhance the development of in-house tools and models to assist with trading, decision support, settlement, resource optimization, water management, unit efficiency, resource constraints and regulatory requirements.
Develop and deliver executive presentations that are accurate, thoroughly researched, timely, analytically sound, and with visual and verbal communication that is easy to understand, tailored to the audience, and provides a clear path for decision making.
Work with the After the Facts Group to ensure that CAISO transactions are correctly billed, accounted for, and processed through SAP and OATI.
Maintain and account for Tacoma Power's carbon obligations in CITSS.
Identify potential products and services that Tacoma Power can supply with competitive advantage. Utilize sound analytical, statistical and mathematical techniques to determine expected opportunity costs and risks associated with supplying these products and services. Collaborate with other department representatives and represent Power Management's interests on regional issues concerning the wholesale energy market especially in the area of CAISO and the Western EIM.

Tacoma Power is an almost 100% hydroelectric, municipally-owned public power utility, located in Tacoma. We serve approximately 170,000 customers as one of the three operating divisions of Tacoma Public Utilities, alongside Tacoma Water and Tacoma Rail. As one of the most livable, walkable cities in the country, you'll find that Tacoma is a great fit for all interests with places to bike, run, hike, and explore, the perks of a big city, and the charm of a small town.

"Community Value First" is Tacoma Power's strategic principle. We consider our decisions and prioritize resources and programs based on the impact to our customers and community.

This position reports to Mike Moran the supervisor of Day Ahead & Term Trading, Marketing and Origination. Mike is committed to supporting, challenging and empowering his direct reports to be creative in implementing new strategies and products that will add additional value for the utility while remaining within our risk tolerances. He is dedicated to building and maintaining positive and collaborative relationships with his team and the workgroup.

Tacoma Power's Resource Operations and Trading group works in a fast-paced and often stressful environment. The group's culture focuses on teamwork, collaboration and mutual support. The ideal candidate should be a clear and logical problem solver, one that can form and defend logical solutions, hold passionate and collaborative discussions and be willing to work hard to implement strategic objectives.

THE COMMUNITY
Tacoma is a mid-sized urban port city that sits along the Puget Sound with a population of nearly 210,000. The third largest city in the state of Washington, it is a diverse, progressive international gateway to the Pacific Rim.

Propelled by significant developments such as the University of Washington Tacoma, the Tacoma Link light rail system, the restored urban waterfront of the Thea Foss Waterway, the expansions of both the MultiCare and Franciscan health systems, and a significant influx of foreign direct investment in its downtown core, Tacoma has evolved considerably since the 1990s.

Tacoma boasts the state's highest density of art and history museums, and is home to a flourishing creative community of writers, artists, musicians, photographers, filmmakers, chefs, entrepreneurs, and small business owners who each add their unique flair to the city's vibrant commercial landscape. The iconic Tacoma Dome has endured as a high-demand venue for some of the largest names in the entertainment industry.

A magnet for families looking for affordable housing options in the Puget Sound area, Tacoma also draws those who prefer to live in a more urban downtown setting with competitively priced condos and apartments that feature panoramic mountain and water views.

Tacoma's natural beauty and proximity to the Puget Sound and Mount Rainier draws hikers, runners, bicyclists, and maritime enthusiasts to the area. Its lively social scene is infused with energy by thousands of students attending the University of Washington Tacoma, the University of Puget Sound, the Evergreen State College Tacoma campus, and Tacoma Community College, as well as a number of local trade and technical colleges. Its prime location – just 20 minutes south of the Seattle-Tacoma International Airport, 30 miles north of the state capital in Olympia, and within 10 miles of the U.S. Department of Defense's premier military installation on the West Coast – only adds to Tacoma's desirability. To see a few of the great things Tacoma has to offer, view this YouTube Video!

City of Tacoma Recruitment
One of the primary goals of the Equity and Empowerment Initiative is for the City of Tacoma workforce to reflect the community it serves. We actively work to eliminate racial and other disparities and welcome candidates with diverse backgrounds and/or multicultural skill sets and experiences. Our goal is for Tacoma to be an inclusive and equitable place to live, work, and play.

QUALIFICATIONS:
Bachelor's degree in a relevant field (Engineering, Economics, Finance, Statistics, or similar);
2-5 years of experience working in wholesale energy market, preferably in an analyst role
2 years of experience working with CAISO and/or EIM are required for a senior level position;
Knowledge of energy markets and market fundamentals
Advanced skills in MS Office, especially Excel
Excellent analytical skills; excellent communication, writing and presentation skills
Self-starter with the ability to work effectively without direct supervision in a fast paced, stressful and multitasking environment

SELECTION PROCESS & SUPPLEMENTAL INFORMATION:
Interested individuals should complete the online application and attach a detailed resume and cover letter that includes major responsibilities and accomplishments related to this position. Applicants who have the strongest backgrounds related to the responsibilities of this position may be invited to participate in an interview. Appointment is subject to passing a background check.

If you have any additional questions regarding this position, please contact the Human Resources Department at 253.591.5400 before the closing date.